The struggling company, which owns the Miami Herald and 30 other dailies, said October revenue dropped 9.9%, partly because of declining real estate and automotive ad sales. "Particularly in the California and Florida newspapers, which have been affected by the downturn in real estate," McClatchy CEO Gary Pruitt (left) said today. McClatchy's troubles in those two states mirror a similar trend reported by Gannett executives when they released third-quarter results last month.[Photo: McClatchy]
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